Rodman sees higher small-cap biotech valuations

Citing the proposed acquisition of Anadys Pharmaceuticals (NASDAQ:ANDS) by Roche (NASDAQ: RHHBY) at a 260% premium, Rodman & Renshaw figures that Pharma’s strong balance sheet and expiring patents on blockbuster drugs “bring together the perfect storm of factors could lead to higher small-cap biotechnology valuations.” The Roche-Anadys acquisition highlights the “increasing appetite of pharmaceutical companies [...]

YM reshuffles the Cytopia deck

YM BioSciences (AMEX:YMI; TSX:YM) got more than it bargained for with its recent acquisition of Australia’s Cytopia. “When we were buying the company, our sole interest was in CYT997, Cytopia’s lead vascular disrupting agent (VDA),” CEO David Allan told biotuesdays.com in an exclusive interview.  VDAs, which can disrupt the blood flow that feed tumours, became [...]

Intellipharmaceutics in patent settlement for generic Focalin XR

Intellipharmaceutics International (TSX:I; NASDAQ:IPCI) announced patent settlements over a generic version of the attention deficit hyperactivity disorder drug Focalin XR in the U.S. In a statement, the company said Novartis Pharmaceuticals (NYSE:NVS) and Celgene (NASDAQ:CELQ) have settled their patent suit in the U.S. District Court for the District of New Jersey.  Also, Elan Pharma International [...]